Procyon Advisors 13F: New $4.8M Stake in Block (XYZ)

Procyon Advisors opened a new position in Block, Inc. (NYSE: XYZ), purchasing 64,899 shares worth about $4.77 million. The fund disclosed the investment in a Form 13F filed with the SEC on October 21, 2026. Block closed at $78.21 on the filing date.

XYZ Block, Inc.

$78.21 ▲ +20.05% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in Procyon Advisors's Block Position

Procyon Advisors initiated a brand-new stake in Block, adding 64,899 shares to its portfolio during the period. Because this was a new holding, there was no prior share count or percentage change to report. The total value of the newly acquired shares stood at $4,772,023.

Other Institutional Activity in Block

Other large money managers also adjusted their holdings in Block during recent quarters. Ameriprise Financial, Inc. grew its holdings by 1,596,682 shares, ending with 8,464,32 shares worth about $672,221,347 after a 23.2% increase. Contour Asset Management LLC lifted its stake by 3,712,205 shares, winding up with 8,246,473 shares valued at roughly $654,934,870 following an 81.9% increase.

Block, Inc. Stock Up 1.6%

Shares recently traded around $79.33 as of October 22, 2026, putting the stock up about 1.4% since the filing date. The stock has traded between a 52-week low of $48.21 and a 52-week high of $86.92.

Recent Earnings

Block reported trailing twelve month revenue of $25.04 billion and earnings of $0.56 per share. The company's next earnings report is slated for November 3, 2026.

Insider Buying and Selling at Block, Inc.

Director Anthony Mathew Eisen completed a series of planned stock sales under a Rule 10b5-1 plan in October 2026. Eisen sold 6,000 shares on October 14 for $454,200, another 6,000 shares on October 15 for $461,940, 6,000 shares on October 16 for $482,580, and 6,000 shares on October 19 for $471,480.

Analysts Set New Price Targets

Wall Street firms updated their views on Block ahead of the filing. On September 10, Macquarie maintained its Neutral rating on the stock with a $75.00 price target. Later, on September 25, Cantor Fitzgerald reiterated its Overweight rating and a $95.00 price target, while BTIG reiterated its Buy rating alongside a $100.00 price target. Baird maintained its Outperform rating on October 2, lifting its price target from $105.00 to $106.00. On October 21, RBC Capital reiterated its Outperform rating with a $95.00 price target. The company currently carries a consensus buy recommendation from 42 analysts.

About Block

Block, Inc. builds ecosystems focused on commerce and financial products and services in the United States and internationally. It operates through two primary segments: Square and Cash App, serving both consumers and business owners.

Bottom Line

Investors will watch for Block's upcoming earnings release on November 3, 2026, for further updates on financial performance. Additional institutional filings will reveal whether other funds follow Procyon Advisors into the stock.